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IEA cuts 2026 oil supply forecast, sees full Gulf recovery shifting to 2027

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  • IEA cut its 2026 global oil supply forecast and moved full Gulf recovery to 2027.
  • 100.7 million barrels a day is the revised 2026 supply projection, down 1.3 million.
  • Global observed inventories fell 95 million barrels in August despite weaker consumption.
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